Anchor ads are not supported on this page.
Print Edition
Classifieds
Stories
Events
Contests
Music
Movies
Theater
Food
Life Events
Cannabis
April 24, 2024
April 17, 2024
April 10, 2024
April 2, 2024
March 27, 2024
March 20, 2024
March 13, 2024
March 6, 2024
February 28, 2024
February 21, 2024
February 14, 2024
February 7, 2024
Close
April 24, 2024
April 17, 2024
April 10, 2024
April 2, 2024
March 27, 2024
March 20, 2024
March 13, 2024
March 6, 2024
February 28, 2024
February 21, 2024
February 14, 2024
February 7, 2024
April 24, 2024
April 17, 2024
April 10, 2024
April 2, 2024
March 27, 2024
March 20, 2024
March 13, 2024
March 6, 2024
February 28, 2024
February 21, 2024
February 14, 2024
February 7, 2024
Close
Anchor ads are not supported on this page.
Help Obama. Borrow. Buy.
The coming depression will breed a new set of heros and villains. And, it's turning me from a Democrat into a something-else. New Hero : Hoover and his fed chief Andrew Mellon, "liquidate labor, liquidate stocks, liquidate the farmers, and liquidate real estate." America needs a good kick in the pants right now, however, nobody should starve because Greenspan was so terribly irresponsible and panicky for the past 20 years. So we may need to build up the food stamps program, and introduce a medicine-stamps program. New Villain : Ronald Reagan, the total debt bubble (gov, consumer, business), which reached 342% of GDP in Q4 of 2007, began in 1982, exactly when Reaganomics began (It's 100% Borrow-Yourself-to-Property-Economics!") New Heroes : Geroge H.W. Bush (senior), and Clinton in his first term. Both of them tried to arrest the Reagan-Greenspan bubble, and both got their teeth kicked in by a smear campaign against taxes run by the Republican party. Bush lost his job, and Clinton lost the Democratic congress. The debt hovered at 240% of GDP for 8 years, then began its relentless push upwards in Clinton's second term. New Villain : Alan Greenspan, the coke dealer who "pushed" money on the economy for 20 years.— March 10, 2009 6:42 p.m.
California Unemployment at 10.1%, Highest in Quarter Century
Don Bauder, I have loved your articles ever since moving to San Diego 10 years ago. Dear valueinvestingisdead, if the unemployment rate is 35%, then as you walk down the street you should see that every 3rd house is unemployed, and freeways are emptying out. I have noticed very little change in freeway traffic in the past 12 months, and every morning the cars in my neighborhood clear out just about as quickly as ever. Are you saying that all these people leaving at 8am are going shopping now, rather than going to their jobs? By the way, an article in the Arizona Republic in 1997 stated that San Diego was the #2 city for government jobs in America, right behind Washington DC. If that's still true, you'd expect much less of a downturn in this city since there haven't been government cutbacks ... yet. Best Wishes, DWG.— March 10, 2009 6:28 p.m.